- The Problem
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We see a huge and burgeoning market for online accounting systems. Desktop
accounting packages are dead - even Microsoft are no longer offering
Money Plus.
The entire delivery mechanism for the services industry has changed
dramatically - especially simple rule-based businesses. A single website can
service the entire planet. Sophisticated callcentres are set up in low-cost
zones and foreign students are returning home with vocational training from
first world institutions.
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- The Challenge
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Presently accountants' enjoy a good relationship with their small-business
customers, but their practices are arcane to say the least.
Email messages, floppy disks, and Excel spreadsheets are the norm. Purchases
of shrink-wrap financial software is driven by advice from your accountant.
Most small business receives, and perhaps desires, little value-add from their
accountant relationship other than the assurance that they are complying with
local laws. Many will seek out a more impersonal low-cost provider if
one is available.
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- Our Solution
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Our software platform turns any firm into a dedicated bookkeeping portal/ISP with
an extensive range of web-based practice management tools.
We see a large opportunity to turn CPA firms into their own brand and getting
their clients to collaborate directly with them through their website.
Accountants are remarkably trenchent with regard to technology and active participation
in industry change, so we must also consider direct retail to small businesses. While
this does provide a considerable sales and marketing challenge, it may still prove the
quickest way to mass market
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